Kern High School District Selects SunPower to Deliver 22-Megawatts of Solar Power Systems at 27 Sites
May 28 15
The Kern High School District (KHSD) and SunPower Corp. announced an agreement to design and build 22 megawatts of solar power systems at 27 district sites. According to data provided by The Solar Foundation, the agreement is the large contracted commitment to solar power by any school district in the U.S. Once the systems are operational in 2016, the district estimates that it will achieve $80 million in savings in electricity costs over 25 years. Construction will begin on the solar power systems this summer. The project is expected to be complete by the end of 2016, and will be financed through a power purchase agreement. For no upfront capital investment, the agreement provides the district with both competitive electricity rates and a hedge against potential utility rate increases. KHSD will own the renewable energy credits associated with the systems.
SunPower Corporation Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 29, 2015; Provides Capital Expenditure Guidance for 2015
Apr 30 15
SunPower Corporation announced unaudited consolidated earnings results for the first quarter ended March 29, 2015. For the quarter, the company reported total revenue of $440,871,000 against $692,422,000 a year ago. Operating loss was $11,145,000 against operating income of $72,776,000 a year ago. Loss before income taxes and equity in earnings of unconsolidated investees was $28,890,000 against income before income taxes and equity in earnings of unconsolidated investees of $54,871,000 a year ago. Net loss attributable to stockholders was $9,581,000 or $0.07 basic and diluted per share against net income attributable to stockholders of $65,044,000 or $0.42 diluted per share a year ago. Net cash used in operating activities was $113,408,000 against net cash provided by operating activities of $50,472,000 a year ago. Purchases of property, plant and equipment were $24,564,000 against $8,800,000 a year ago. Non-GAAP revenue was $430,601,000 against $683,713,000 a year ago. Non-GAAP net income attributable to stockholders was $19,724,000 or $0.13 diluted per share against $75,345,000 or $0.49 diluted per share a year ago. EBITDA was $58,831,000 against $121,853,000 a year ago.
The company expected CapEx spending to increase throughout the year 2015 as construction of Fab 4 progresses.
SunPower Eyes Acquisitions
Apr 30 15
Tom Werner, Chief Executive Officer of SunPower Corporation (NasdaqGS:SPWR) said that the company continues to evaluate new opportunities and is planning to launch YieldCo for pipeline acquisition for 2015 and beyond.
SUNPOWER PROJECT FINANCE Presents at The 3rd Annual Sunshine Backed Bonds Conference, Apr-30-2015 02:35 PM
Apr 27 15
SUNPOWER PROJECT FINANCE Presents at The 3rd Annual Sunshine Backed Bonds Conference, Apr-30-2015 02:35 PM. Venue: Marriott New York Downtown, 85 West Street, New York, NY 10006, United States. Speakers: Gerhard Hinse, Senior Manager.
SunPower Corporation to Report Q1, 2015 Results on Apr 30, 2015
Apr 20 15
SunPower Corporation announced that they will report Q1, 2015 results at 4:15 PM, Eastern Daylight on Apr 30, 2015